"As both an executive and a producer, he has extraordinary skill and enormous experience and he brings with him a disciplined and cost conscious approach to production management," President of Columbia Pictures Doug Belgrad said in a statement. "It won't be easy stepping into Gary Martin's shoes…but we are thrilled and fortunate that he worked with us to help select his successor who will continue the work of making our productions the best run in the business."

Davis oversaw physical production at MGM from 2003 to 2005 before returning to producing motion pictures such as "In Time," "Your Highness," both with he was the executive producer.

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